Artificial Intelligence or AI is already a big part of modern day technology. We use AI for numerous applications such as enabling driverless cars, identifying people and objects, processing speech, finding new medicines and more. One of the providers of AI technology, which enables better understanding of what’s in a video, is the Amsterdam-based startup Media Distillery. The company has now secured €3M in funding.
Fresh funds for accelerated expansion
Media Distillery has raised a notable €3M in its latest funding round from a group of entrepreneurs and executives from the international TV and broadcast industry. Media Distillery will use the funding to accelerate the expansion of the company’s team, the international business growth and to scale the research and development teams working on its content discovery solutions.